12-17-2015
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SECTION III – Timeline for Project Implementation <br />FMDAMFDA Funds provided to successful Project Applicants are intended to, in part, assist in expediting project <br />development for impoundments proposed above Halstad, MN. As such, successful applicants are required to <br />progress from preliminary project development to construction in over a maximum 6-year timeframe. Specific <br />milestones for each Phase of FMDAMFDA Funding are discussed below. Also, refer to the chart below for an <br />illustration of required milestones for FMDAMFDA funded projects. <br />• PHASE I Submittal – All eligible activities under the Phase I Submittal must be completed within two three <br />years of an approved FMDAMFDA Phase I Submittal. <br />• PHASE II Submittal –The following eligible Phase II Submittal activities must be completed within three years <br />of an approved FMDAMFDA Phase II Submittal: <br />o Development of Final Design Report <br />o Construction Plans and Specifications <br />o Development of Operation and Maintenance Plan <br />o Permitting <br />• PHASE III Submittal – Bid letting must occur within one year of an approved FMDAMFDA Phase III Submittal. <br />Regardless of whether funds are requested at each Phase, a successful submittal will be required for all three Phases <br />to reaffirm FMDAMFDA commitment. A detailed explanation to the FMDAMFDA is required in the event that any of <br />the milestones discussed above are unable to be met. This explanation must include reason for the delayed timeline, <br />and how the project sponsor proposes to get the project back on the required timeline. Failure to meet any of the <br />milestone timelines presented above may require funds allocated as a result of successful Phase II & III Submittals <br />to be reimbursed to the FMDAMFDA over a maximum period of 10-years. <br /> 5 <br />MFDA_Funding_Policy_Final-R1_2015-1217.docx
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